Hammond, Kennedy, Whitney & Company, Inc. Announces Recapitalization of Partners In Leadership, Inc.
Indianapolis, IN – September 15, 2015 – Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) announced that it closed on the recapitalization of Partners In Leadership, Inc. (“PIL” or “Company”) on September 15, 2015. PIL, headquartered in Temecula, California, is a leading provider of accountability and cultural transition training services to blue-chip companies in more than 42 countries. PIL’s training ties accountability for key organizational results directly to individual work objectives and enables organizations to define and create needed shifts in the way their people go about achieving results and creating a culture of accountability. For additional information on the Company, please visit https://www.ozprinciple.com.
Roger Connors, CEO of PIL stated, “With a focus on solid fundamentals, financial expertise, and empowering management, HKW is an ideal partner to help us achieve our long-term vision of increasing the Company’s already strong growth, reaching more organizations with our award-winning curriculum and methodology, and expanding our solutions suite to positively impact the lives of millions more people.”
“We are pleased that Roger and Tom, co-founders of PIL, continue in their leadership roles at PIL and remain significant shareholders. The entire PIL management team has built a tremendous organization and we are excited they chose HKW as their investment partner,” said Luke Phenicie, Lead Transaction Partner. “PIL’s consistent growth over the past decade, combined with its talented team, makes this an exciting investment for us. We look forward to a successful partnership.”
PIL was represented by Deloitte Corporate Finance in this transaction.
HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 49 platform transactions of lower middle-market companies throughout North America, as well as 54 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com.